JALAN PERAK

Area Intelligence

2023

Median Price

RM 620,000

PSF: RM 559

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Residential PSF Trends

Median Price

RM 620,000

PSF: RM 559

JALAN PERAK in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 620K and a median price per square foot (PSF) of RM 559.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved cluster house, with high diversity across multiple property types.

For price per square foot, the median is RM 559, with most transactions between RM 559 and RM 559. The usual range is RM 491.50 to RM 626.50, showing that most units are priced quite close to each other. With an IQR of RM 135.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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JALAN PERAK, Timur Laut, Penang

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